Other ABS


Citigroup Back with 2nd Securitization of Proper Marketplace Loans

Citi Held for Asset Issuance Trust will offer $376 million of securities backed by unsecured consumer installment loans originated and serviced through Prosper Funding’s online platform.

Wyndham Plans Third Timeshare Securitization

The $220 million transaction, called Sierra Timeshare 2015-3, will be backed by a pool of fixed-rate timeshare loans originated by Wyndham Vacation Resorts, Inc. (WVRI) and Wyndham Resort Development Corporation (WRDC).

LIPA Returns with $985M Stranded Cost Securitization

Fitch Ratings expects to assign ‘AAA’ ratings to all 20 tranches of Series 2015 bonds to be issued via the Utility Debt Securitization Authority.

Domino's Refinancing Part of its Whole Business ABS

Domino's Series 2015-1 will offer $1.5 billion of new fixed rate notes; proceeds will be used to prepay and retire 35% of the 2012 Notes.

Wells Fargo Agrees to Acquire GE’s Railcar Leasing Business

Wells Fargo, the world’s largest bank by market value, agreed to buy the bulk of a railcar- and locomotive-leasing unit from General Electric as the industrial giant retreats from financial services.


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Volcker Rule Extension for CLOs Comes with Big Catch

A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.

CLO Pros See No Letup in Demand

Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.

Babson CEO Finke: CLOs Often Unfairly Judged

Finke says the industry needs to address the lack of understanding about its performance and role in the economy.

Cutting Solar Funding Costs

Two academics argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.

Still No Volcker Relief for CLOs

Despite pressure from Capitol Hill, regulators are disinclined to allow banks to hold collateralized loan obligations backed by bonds.


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In the news: Marketplace Lenders Are a Systemic Risk

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Credit Barbelling in CMBS is on the Rise

As concerns mount about the riskier loans being packaged into commercial mortgage backeds, several banks have come up with a new strategy for making deals more attractive to investors. They are boosting exposure to both high quality and highly leveraged mortgages.

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